891.51/582: Telegram
The Minister in Iran (Dreyfus) to the Secretary of State
Tehran, July 24,
1943—5 p.m.
[Received 5:44 p.m.]
[Received 5:44 p.m.]
770. Millspaugh furnishes following replies to numbered paragraphs of Department’s 357, July 22.
- 1.
- It is again confirmed that in event of a dollar loan being obtained proceeds would be used for issuing rial currency.
- 2.
- Yes.
- 3.
- Reserve against notes issued since November 19, 1942 is 100 percent in gold and/or dollars or sterling. No change in this reserve requirement is contemplated.
- 4.
- Yes. Bank is required to maintain 40% ratio between liquid assets (in the form of rial notes, gold, silver, free foreign currencies or 15 days’ bills) and immediate liabilities.
- 5.
- No.
Dreyfus